glut
n.a situation where there is too much of something, like a product or a resource, so the price drops. It often happens when a market has more supply than people want to buy.
n.an excess of a particular commodity or resource, leading to a significant drop in market value. Often used in economic or geological contexts to describe oversupply or overabundance.
“A sudden glut of apples caused the price at the market to fall.”
“The discovery of several new oil fields led to a glut in the global market, forcing producers to lower their prices.”
“Economists warned that the rapid expansion of the semiconductor industry would eventually lead to a glut, as the rate of production outpaced the growth of consumer demand.”
“Reports of milk going to waste are not uncommon during periods of a dairy glut.”
Inherited from Middle English glotien /glotten, probably derived from Old French gloter /glotir /glotoiier (“to eat greedily”) [compare French engloutir (“to devour”), French glouton (“glutton”)], derived from Latin gluttiō, gluttīre (“to swallow”). Compare Russian глота́ть (glotátʹ, “to swallow”).
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.